Category: Bearish
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Bitcoin RSI Goes Bearish For The First Time Since August 2023, Will It Crash Below $40,000?
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The Relative Strength Index (RSI) is an important indicator for any cryptocurrency, and Bitcoin is no different. Since the leading cryptocurrency has been around for so long, the abundance of data makes it possible to use this indicator to try to determine which direction the price might head next. This…
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XRP Faces Bearish Pressure After Crashing Critical Support, Eyes $0.4663
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XRP price has recently seen significant bearish momentum, breaking through a crucial support level at $0.5724. With the cryptocurrency breaking through the key support level, it signals a major shift in the market. feelingsraising concerns that the downward trend could continue. This breakout suggests that selling pressure is building up…
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Hedge funds grow bearish amid economic slowdown jitters, Goldman says By Reuters
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Written by Carolina Mandel NEW YORK (Reuters) – Global hedge funds continued to add bearish bets on stocks to their portfolios in the week to Aug. 1 as fresh data raised concerns that the U.S. economy is slowing faster than expected, Goldman Sachs said in a note to clients. Goldman…
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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
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On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal
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On-chain data shows that Ethereum has been experiencing high exchange outflows recently, but the development related to Tether (USDT) could be a bearish headwind for the market. Both Ethereum and Tether have seen withdrawals from exchanges recently. As on-chain analytics firm Santiment explains in a new report, mail In X,…
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Citi outline bearish and bullish risks for oil under Trump
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Reuters published a piece from Citi’s report on politics and oil. Briefly: Trump presidency may cause oil prices to fall A combination of factors including tariffs, oil-friendly policies, and OPEC+ pushing more oil into the market The main upside risk to oil markets under a Trump presidency is pressure on…
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Investors turn long on Singapore dollar after 7 months; bearish bets on Asian FX ease
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Written by Roshni Nair (Reuters) – Investors have become bullish on the Singapore dollar for the first time since mid-December as growth and inflation dynamics in the city-state continue to support the local currency, while bearish bets on most Asian currencies have eased, a Reuters poll showed on Thursday. Long…
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Gold Technical Analysis – The short-term bias turned bearish
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Basic Overview Gold has been on a steady decline since hitting an all-time high last Wednesday. We have seen a reversal in several other markets since last Wednesday, and it is not clear what was behind the move. Data continues to point to a resilient economy with inflation slowly falling…
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Stock investors are staring down a bearish trifecta that could spark a 12% market drop by October, strategist says
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Stocks could see a double-dip correction over the next three months, according to a veteran strategist.Getty Images; Jenny Chang Rodriguez/PA Bill Blaine said stock markets could see a double-digit decline by the fall amid a host of headwinds. The veteran strategist said stocks are overvalued and face risks from rising…
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AVAX Brushes Off Bearish Pressure With 11% Rally
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AVAX continues to make bigger gains as it reached $28.74 since last week. This was the biggest push by bulls, fueled by the growing market confidence fueled by Bitcoin’s rally to $60,000. The Avalanche development team is also working hard with a lot of news related to the chain that…
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MATIC Targets $0.5030 As Bearish Pressure Halts Recent Uptrend
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Recent trading activity has sent MATIC price lower, targeting the $0.5030 level, after a period of strong upward momentum that was disrupted by bearish pressures. This sudden drop, driven by growing bearish sentiment in the market, has sparked speculation among traders and investors about whether the $0.5030 support level will…
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Jerome Powell is suddenly bearish on the jobs market and it’s a welcome sign for Wall Street
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Federal Reserve Chairman Jerome Powell on Wednesday reinforced the message that the central bank is increasingly paying attention to a slowing labor market and not just taming inflation, a shift that suggests it is likely to start cutting interest rates soon. “We are not just an inflation-targeting central bank. We…
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Bitcoin Starts July On A Bearish Note, Will CPI Data Change The Narrative This Week?
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The start of July was not as positive for the Bitcoin and cryptocurrency markets as previously expected due to a number of events that shook the market. For example, the Ethereum ETF did not launch on July 2nd as expected, and the US and German governments reportedly sold large amounts…
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Polygon (MATIC) Plunges To 2-Year Lows As Bearish Sentiment Persists
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Main Takeaways Polygon (MATIC) has fallen to its lowest level in two years, having fallen over 33% in the past year, as the MATIC price continues to face downward pressure. On-chain data shows a significant drop in daily active addresses, indicating low network activity and bearish sentiment towards the token.…
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Is This Bearish For Solana? $180 Million Transfer Raises Eyebrows
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With nearly $180 million worth of SOL tokens being moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become embroiled in whale activity. Investors are feeling the chill from this massive movement of funds, raising questions about where the price of the coin will go in the future.…
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Is This Bearish For Solana? $180 Million Transfer Raises Eyebrows
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With nearly $180 million worth of SOL tokens being moved to cryptocurrency exchange Coinbase, Solana, the fast-moving blockchain network, has become embroiled in whale activity. Investors are feeling the chill from this massive movement of funds, raising questions about where the price of the coin will go in the future.…
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Copper Technical Analysis – The bearish momentum has waned
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Basic Overview Copper has been rallying on key support recently and extended gains this week after China’s Caixin manufacturing PMI was released as the survey hit its highest level since May 2021. Over the past few weeks, the downward momentum has already appeared to be slowing as lower lows have…
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Experts Confident in Bitcoin’s Ability to Defend $60K Despite Bearish Pressure
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Bitcoin has seen a decline of more than 6% over the past week. Successive corrections have temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled at around $61,500, causing investors to worry about further losses. This is especially true as the…
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Experts Confident in Bitcoin’s Ability to Defend $60K Despite Bearish Pressure
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Bitcoin has seen a decline of more than 6% over the past week. Successive corrections have temporarily pushed the asset below $60,000. Although it has rebounded since then, its recovery appears to have stalled at around $61,500, causing investors to worry about further losses. This is especially true as the…
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Bitcoin Hashrate Plunges To 4-Month Low As BTC Looks Bearish
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On-chain data shows that Bitcoin mining hashrate has fallen to its lowest level since early March. The average 7-day Bitcoin mining hash rate has continued to decline recently “Mining hash rate” refers to a metric that tracks the total computing power that miners currently have tied to the Bitcoin blockchain.…